I purchased a second home by taking a loan from Edward Jones against one of my investment accounts. Can I show the interest as a mortgage loan?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Unfortunately, no. In order to deduct the interest, the loan has to be secured by the second home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

1 Reply

Unfortunately, no. In order to deduct the interest, the loan has to be secured by the second home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.